333 Cologne Port RdPort RepublicNJ08241
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Port Republic at 333 Cologne Port Rd, Port Republic, NJ, 08241 uses $38,123 cash to close to unlock $21,134/yr annual cash flow and $1,761/mo monthly cash flow. Total monthly income runs $2,581/mo, and a $563/mo payment keeps the spread at $1,761/mo. Purchase price stands at $115,000, and rental yield measures 26.93% with $2,581/mo rent. Return on cash invested shows 75.35% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 401.49% and total cumulative return in cash records $153,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,581/mo property income covering a $563/mo payment rather than investor’s personal income.
Lot
Built in N/A
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08241, Port Republic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 472 (100%) |
| Owner Occupied HU | 402 (85.2%) |
| Renter Occupied HU | 28 ( 5.9%) |
| Vacant Housing Units | 42 ( 8.9%) |
| Median Home Value | $538,636 |
| Average Home Value | $534,932 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
15
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Listed by: Jeannine Wescoat • ZONA REAL ESTATE, INC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #586778
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.